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ASX

NextDC shares crash 40% after community protest halts power upgrade for Melbourne data centre

NextDC shares plunged more than 40 per cent, erasing about $3 billion in market value, after community opposition forced an energy distributor to suspend a high-voltage power upgrade for the company’s West Footscray M3 data centre. The downgrade prompted NextDC to cut profit forecasts, pause further land buys and consider contractual remedies for delayed customer deliveries.

Market data

  • All Ordinaries

    8,905.80

    -0.13%down

    Data is delayed

  • S&P/ASX 200

    8,795.20

    +0.02%up

    Data is delayed

  • S&P 500

    7,623.68

    -0.52%down

    Data is delayed

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One Australian dollar buys

  • USD0.7038+0.27%up
  • EUR0.6279+0.42%up
  • GBP0.5256+0.44%up
  • Bitcoin$80,939-0.17%down

Updated 24 October 2026 at 6:49 pm. Prices are delayed and for information only.

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